Lalpir Power Limited & Pakgen Power Limited [formerly known as AES Lalpir & Pak Gen Company Limited], was incorporated as an unlimited company in Pakistan, with the name of AES Lalpir & Pakgen (Private) Company – a subsidiary of AES Corporation of USA, on 22 June 1995 under the Companies Ordinance 1984. The principal activities of the Company are to own, operate and maintain an oil fired power station with an installed capacity of 365x2 MW in Mehmood Kot - Muzaffargarh, Punjab, Pakistan. In June 2010, the Company was acquired by Nishat Group. After the acquisition, the management of the company was also changed. The Company under the new management was also converted from a Private unlimited liability company to a Public Company limited by shares in July 2010. The name of the company was also changed. The Company commenced commercial operations on February 01, 1998. The electricity generated is purchased by WAPDA under the Power Purchase Agreement (PPA) executed with the company on September 05, 1995 which is valid for a period of 30 years. Power producing facility of gross output of 730MW (365x2) Oil Fired Independant Power Plant is located at Mehmood Kot, District Muzaffargarh, Pakistan. The state-of-the-art facility was installed and commissioned by Mitsubishi Heavy Industries in 1996-97. It works on regenerative reheat type rankine cycle with two steam turbines and two 1200T/h capacity forced circulation boilers.